Our vision is to bring more innovation, efficiency, and equality of opportunity to the world by building an open financial system. Our first step on that journey is making digital currency accessible and approachable for everyone. Two principles guide our efforts. First, be the most trusted company in our domain. Second, create user-focused products that are easier and more delightful to use.
The Director of Compliance Regulations and Exams will play a critical role in supporting the management, execution and continued improvement of an independent compliance internal controls program at Coinbase. Critical to this role is the ability to understand key elements of Coinbase Compliance programs (such as tools and processes) and to collaborate with external regulators and independent auditors, as well as the internal Legal team, Compliance Officers around the world and compliance subject matter experts to further develop and execute Compliance internal controls program including: AML and Sanction risk assessments, regulatory exam and independent review management, ongoing testing and monitoring of Compliance controls, and a Compliance policy library.
Manage regulatory examinations, onsite and remote, individual and joined.
Build a monitoring, quality assurance, testing and oversight program, including the design on testing methodology and yearly plans.
Coordinate and manage independent reviews and audits as needed.
Manage policy, program, procedure and desk instruction documents to ensure regular updates and proper approval process are followed.
Create an AML and Sanctions risk assessment methodology, as well as risk assessments for our products and legal entities globally.
Coordinate with Compliance Officers and business stakeholders who are integral to the operational process of AML and Sanctions Compliance Programs
Identify potential risks, and effectively escalate to appropriate individuals
Assess the design and effectiveness of controls implemented to mitigate the applicable BSA/AML/OFAC Sanctions compliance risks
Demonstrate ability to exercise judgment in assessing the material significance and relevance of identified compliance exceptions and ensure timely escalation.
Collaborate with business lines to develop remediation plans to resolve identified control weaknesses
Track and validate the implementation of remedial actions submitted by the owners to verify that issues identified during testing are remediated. Follow up with owners as necessary
Prepare reports for Senior Management that highlights the scope, testing approaches, testing results, and compliance testing activities
Review processes and recommend areas of improvements
7 or more years in a Compliance Testing, Audit, Operational Risk or equivalent experience within financial services industry
Excellent writing skills
Business acumen; communication skill, creative problem solving; leadership and management; analytical skill; technical skill; project management; relationship management; team work; planning and organizing; coaching.
Knowledge of U.S. financial services regulations and compliance practice, compliance risk management, and Risk Governance Framework. Non-US compliance experience a plus.
Comprehensive knowledge of global financial services regulations and compliance practice with strong emphasis on BSA, 5AMLD and Sanctions
Extensive experience in building monitoring, quality assurance, testing and oversight programs
Excellent data analysis and including some statistics background
Dynamic leader with an entrepreneurial and strategic mind-set
Track record of success in collaborating, partnering with and influencing senior leaders and peers
Coinbase is committed to diversity in its workforce and is proud to be an equal opportunity employer. Coinbase does not make hiring or employment decisions on the basis of race, color, religion, creed, gender, national origin, age, disability, veteran status, marital status, pregnancy, sex, gender expression or identity, sexual orientation, citizenship, or any other basis protected by applicable local, state or federal law. Coinbase will also consider for employment qualified applicants with arrest and conviction records in a manner consistent with San Francisco's Fair Chance Ordinance and similar local laws.